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The Diluent market within the context of Chemical Auxiliary Agents is a segment of the chemical industry that produces and supplies diluents, which are substances used to reduce the concentration of a material without significantly altering its properties. Diluents are used in a variety of industries, including pharmaceuticals, cosmetics, and food and beverage production. They are also used in the production of paints, coatings, and adhesives.
Diluents are typically produced from a variety of raw materials, including petroleum, natural gas, and other organic compounds. The production process involves the use of various chemical processes, such as distillation, fractionation, and extraction. The quality of the diluent is determined by its purity, viscosity, and other physical and chemical properties.
The global Diluent market is highly competitive, with a number of large and small companies operating in the space. Some of the major players in the market include BASF, Dow Chemical, ExxonMobil, Shell, and AkzoNobel. Show Less Read more